Head Internal Audit
Joint Clinical Research Centre
Total des années d'expérience :19 years, 3 Mois
As the Head of Internal Audit, I am responsible for planning, executing and reporting on operational, financial, and regulatory and compliance related audits/reviews.
I also provide advice on internal controls to management including responding to questions on risk management techniques.
I also carry out special investigations related to financial fraud and abuse of office
• Heading a team of 4 Internal Auditors in; Developing an annual audit plan using input from the team and stakeholders to identify priorities and resource requirements for the year. Annual audit plan to cover all activities of Fountain group (Head office and regional branches)
• Meeting with with Directors and Managers to discuss needs and propose audits, to build stakeholder requirements into department plans.
• Ensuring that a plan is developed to meet the BOD expectations.
• Scheduling and assigning audits to team members, ensuring effective and efficient use of resources.
• Ensuring quality control of the team’s audit plans on an ongoing basis by reviewing and approving plans as they are developed and communicated to stakeholders.
• Ensuring that annual audit plans have contingency built in, to provide unexpected audits in specific areas as they may surface.
• Overseeing and provide quality control for the department’s audits, to ensure departmental mandate and business goals are met and that professional standards are maintained at all times.
• Has a head of a team of 4 Auditors, I am responsible for the following;
Developing the team’s engagement with and support of major business change programmes thus ensuring that appropriate consideration of risk and control is given to all change.
• Managing and overseeing team performance through performance planning, coaching and performance appraisals.
• Keeping abreast of developments in Corporate Governance practices and advise the
business accordingly Providing assistance to the business in meeting regulatory requirements
• Building relationships with leaders across the organisation to understand issues and
identify areas for improvement
• Carrying out VFM audits for the company specific projects and Investigating fraud red flags are raised
• Appraising of the company’s control environment and making recommendations
• Following up on implementation measures for all recommendations made
• Participation in risk assessment and pre-audit planning for the firm’s corporate clients
• Carrying out internal Audit reviews in the following areas;
- Review of Mobile money financial operations
- Review of the sales and distribution cycle for Teleco items
- Review of the procure to pay cycle for telecoms
- Review of inventory management for teleco items
- Review of fixed Assets management
• Conducting Business Process reviews
• Mapping and advising on the gaps in the business processes
• Reviewing the systems (operations, investments, financial reporting, Procurement etc) for compliance with procedures, standards, identify weaknesses and make recommendations for improvement
• Carrying out inspection of area offices and employers (contributors) to check compliance with the provisions of the NSSF Act
• Conducting investigations of assigned activities.
• Checking existence and usage of company assets and security controls in place to secure the Fund’s assets.
• Preparing audit planning memoranda for the supervisor’s approval.
• Reviewing all functions and activities to determine the nature of operations, procedures and related internal controls to achieve established objectives.
My main roles were:
• Preparing tax returns (VAT, Income Tax) and ensured that statutory submissions for our clients were done with the URA in time in busy season, and my charge out rate was $25 per client hour
• Participation in the annual Departmental budgeting and Financial planning process in the logistical areas for the department
• Preparing monthly billing reports and making comparisons with the monthly budgets and ascertaining the variance.
• Overseeing the varying trends of Staff chargeable time analysis for the department Staff and reporting on the Variances.
• Managing the fee note register, an in-built Finance Management system designed for Debtors management with an aim of keeping the Debtor days to acceptable/average levels.
• Ensuring proper filing, labeling and proper storage of source documents containing Financial Information for the Tax clients.
• Work in Progress (WIP) management by ensuring that all consultants met their monthly utilization rates and that their leave was well planned to avoid backlogging of work.
• Organising and facilitating of internal training for the Tax department and ensuring that all necessary material is available for the training
Accounting , Auditing and Finance
Bachelor of Arts in Economics (honors)